Nice guidance, clearly saw the share price consistentlydropping and felt they had to say something. You could also say that they are clearly confident of achieving it(hence the very early indication), although I note, at best this is 33% growth,which is well down on 50% growth, and well below their several year average of47% (I think?)... maybe this will drop down further to be 16% growth for FY18? – 33% or 16% is still not bad growth of course, just not exactly the much hyped 47% “consistentaverage growth year after year”.
Share price reaction was to be expected and would be nice to see a small upward trend rebegin... I imagine some on here probably own aquarter or so of the company given all the “doubling down” done every time it wentdown (which has occurred a lot in the past 6 months).:t_up:
At the end of the day, it is just a forecast, and 6 months is still a long time for things to change, particularly in the ‘booming’ construction industry, which those with heavy development, such as SUM, are ultimately exposed to (took fletchers only weeks to write off a hundred millionor something from their original forecast/outlook).
If we believed OCA’s forecast, even after asmall recent rise (also now at a record high), they’d be trading on a single digit PE for FY 18 - the cheapest by far - but they're a dog like Arvida so don't believe them ;).